Trade Wars and Tariffs

[NEO]

Probably a good time to raise as much cash as you can based on this post.

What if the dollar collapses? Genuine question.

 

[volfanhill]

Those facts seem to have gone unnoticed by this administration

And the previous one

 

[C-south]

The ol' "are you better off today than you were two/four years ago?" question will be biting the trumpublican party in their fat arse.
Just hope the damage isn't catastrophic for to many.

You should be completely onboard with this and more. You’re all for paying more as long as everyone else has to. Straight out of your mouth…or ass…all the same.

 

[Orangeburst]

banking failures scare the crap outta me..how is that FDIC looking..was pretty quite depleted just with those small failures a couple years ago.

just looked it up..$137B end of Dec..pennies on dollar.

 

[BernardKingGOAT]

I can 100 percent state the banking and insurance industries are prepping for a full collapse. In my 20 plus years in the industry I have never seen the actuaries freaking out like this. I was in the industry during the bush collapse and this eclipses that by 10 fold and I am only saying this because I’ve chatted with some of you for decades now and I’m personally nervous. I am not an economist nor gonna pretend to be one. This change occurred last spring prior to Trump and the tightening has gotten anaconda level at this point.

Those who have experience in broad, supply chain management, banking and insurance all understand the shat storm the current policies will yield given the current state of our financial makeup

 

[NEO]

What about a little forethought and prudence before implementing any drastic policy changes? Far too much indecisiveness from day to day on economic issues

We are at 37 trillion in debt. That was created by both sides. Neither party has ever had any for thought. We got here because our politicians F’d us and I mean all of em.

 

[McDad]

We are at 37 trillion in debt. That was created by both sides. Neither party has ever had any for thought. We got here because our politicians F’d us and I mean all of em.

 

[mrorange211]

What if the dollar collapses? Genuine question.

Then we don't have a country.

 

[BernardKingGOAT]

And the previous one

And every administration before those in this century

 

[volinbham]

 

[Vol737]

Those facts seem to have gone unnoticed by this administration

Maybe, but these are largely personal decisions/choices wrt how consumers handle their personal finances that transcend administrations that have been building over time.

 

[BernardKingGOAT]

We are at 37 trillion in debt. That was created by both sides. Neither party has ever had any for thought. We got here because our politicians F’d us and I mean all of em.

Actually the complete twist of the economy has been going on for 40 years now

 

[mrorange211]

banking failures scare the crap outta me..how is that FDIC looking..was pretty quite depleted just with those small failures a couple years ago.

just looked it up..$137B end of Dec..pennies on dollar.

Maybe I should move everything to my local credit union....

 

[volbound1700]

We are at 37 trillion in debt. That was created by both sides. Neither party has ever had any for thought. We got here because our politicians F’d us and I mean all of em.

Agree but sadly, the reason that I believe most governments are in major debt globally is because they wrote a check they couldn't cash. It was for healthcare. 70% of our dollar is going to Medicaid or Medicare. It is not sustainable. You look at every nation outside the US, health care is pretty much their largest expense as well most of the time.

It is just not sustainable to provide everyone health care. Something of the modern age that was never accounted for (prior to 1950, countries didn't do it). However, it is political suicide to even bring it up or try to cut it.

In the US instance, there was other waste like the stupid wars, etc.

 

[McDad]

Maybe I should move everything to my local credit union....

Give it to me. I'll keep it safe

 

[NEO]

Those who have experience in broad, supply chain management, banking and insurance all understand the shat storm the current policies will yield given the current state of our financial makeup

The changes I speak of took place under Biden 12/2023. The peaceful rights of the left caused Nationwide to come off all liquor stores and grocery and c stores due to loss ratios and the industry followed suit.

The industry runs in trade combine ratios and based on inflation and claims they are FUBAR.

This wasn’t created by Trump.

 

[BernardKingGOAT]

Maybe, but these are largely personal decisions/choices wrt how consumers handle their personal finances that transcend administrations.

It doesn't need to be so available. The first couple of decades of my life were a time when saving money for the middle class could actually build wealth of some sort. It was also a time when saving a nice chunk was possible while still living a fairly comfortable life.

 

[SpaceCoastVol]

"short term pain"

We just survived 4 years of it.

 

[BernardKingGOAT]

Probably a good time to raise as much cash as you can based on this post.

Yep. Despite the silly narratives about having cash investments over the years, we will soon be in an environment where cash is KING.

 

[Vol737]

It doesn't need to be so available. The first couple of decades of my life were a time when saving money for the middle class could actually build wealth of some sort. It was also a time when saving a nice chunk was possible while still living a fairly comfortable life.

Agreed. Easy money for people with no financial discipline is trouble, but banks are counting on that and hoping they can get backstopped yet again. We’ve learned nothing, it seems.

 

[SpaceCoastVol]

Curious indeed. Jack Daniels is a brand name... you don't buy it because of their politics? I rarely think about / research a company's "politics" when buying their product. It's only when a firm overtly flaunts its political slant that I give pause. Tesla comes to mind.

Fair enough. I should have said "most". There is some brand name I will buy, but overt leftist political activism will gather a big no from me. Nike, or AB will never see another of my dollars

 

[volbeast33]

 

[BernardKingGOAT]

We just survived 4 years of it.

 

[volinbham]

Curious indeed. Jack Daniels is a brand name... you don't buy it because of their politics? I rarely think about / research a company's "politics" when buying their product. It's only when a firm overtly flaunts its political slant that I give pause. Tesla comes to mind.

Tesla doesn't flaunt a political slant at all. The guy who's runs it does but the company does not.

 

[BernardKingGOAT]

Agreed. Easy money for people with no financial discipline is trouble, but banks are counting on that and hoping they can get backstopped yet again. We’ve learned nothing, it seems.

If some investment bank would take the offer, some capital hedge fund would do a Michael Burry short on the car loan industry